Question

How are cryptocurrencies created and by whom?

How are cryptocurrencies created and by whom?

Homework Answers

Answer #1

Crypto currency are created through a digitalised process known as MINING. Mining helps in creation of crypto currency as well as securing the ones which are already created.

Just like coal and gold are mined from inside the land, ctyptos are mined through digital means.

No-one knows who created crypto currency. An anonymous person (or a group of persons) who calls themselves SATOSHI NAKAMOTO are said to have created the Bitcoins . However, no-one knows how they look.

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